DICK’S Sporting Goods Sees Unusually Large Options Volume (NYSE:DKS)

DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) was the recipient of unusually large options trading on Monday. Stock investors purchased 11,327 put options on the company. This represents an increase of approximately 46% compared to the average volume of 7,737 put options.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, SVP John Edward Hayes III sold 6,592 shares of DICK’S Sporting Goods stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $138.00, for a total value of $909,696.00. Following the sale, the senior vice president now owns 21,965 shares of the company’s stock, valued at approximately $3,031,170. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Julie Lodge-Jarrett sold 8,560 shares of the business’s stock in a transaction on Tuesday, April 11th. The stock was sold at an average price of $140.00, for a total transaction of $1,198,400.00. Following the completion of the transaction, the senior vice president now owns 30,712 shares of the company’s stock, valued at approximately $4,299,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP John Edward Hayes III sold 6,592 shares of the business’s stock in a transaction on Friday, March 24th. The stock was sold at an average price of $138.00, for a total value of $909,696.00. Following the sale, the senior vice president now owns 21,965 shares in the company, valued at approximately $3,031,170. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 285,382 shares of company stock worth $41,042,070. Insiders own 30.79% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of institutional investors and hedge funds have recently modified their holdings of the company. Teza Capital Management LLC purchased a new stake in DICK’S Sporting Goods during the third quarter valued at $222,000. Allianz Asset Management GmbH raised its holdings in shares of DICK’S Sporting Goods by 12.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 58,582 shares of the sporting goods retailer’s stock valued at $6,130,000 after purchasing an additional 6,632 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in DICK’S Sporting Goods by 0.8% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 20,558 shares of the sporting goods retailer’s stock worth $2,473,000 after purchasing an additional 169 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of DICK’S Sporting Goods by 168.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 41,380 shares of the sporting goods retailer’s stock valued at $4,978,000 after purchasing an additional 25,972 shares during the last quarter. Finally, Eagle Strategies LLC purchased a new position in shares of DICK’S Sporting Goods in the fourth quarter worth about $393,000. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Loop Capital raised their price target on shares of DICK’S Sporting Goods from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Thursday, March 9th. Barclays increased their price target on shares of DICK’S Sporting Goods from $139.00 to $174.00 and gave the company an “overweight” rating in a research report on Wednesday, March 8th. Jefferies Financial Group began coverage on shares of DICK’S Sporting Goods in a research report on Tuesday, March 14th. They issued a “hold” rating and a $155.00 price objective on the stock. TD Cowen increased their target price on shares of DICK’S Sporting Goods from $166.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, March 8th. Finally, Cowen boosted their price objective on DICK’S Sporting Goods from $155.00 to $166.00 in a research note on Monday, February 6th. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.61.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $126.40 on Tuesday. DICK’S Sporting Goods has a twelve month low of $63.45 and a twelve month high of $152.61. The company has a quick ratio of 0.81, a current ratio of 1.88 and a debt-to-equity ratio of 0.61. The stock’s 50 day moving average is $140.82 and its 200 day moving average is $129.16. The company has a market capitalization of $10.82 billion, a P/E ratio of 11.74, a PEG ratio of 1.73 and a beta of 1.44.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last issued its earnings results on Tuesday, March 7th. The sporting goods retailer reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. DICK’S Sporting Goods had a return on equity of 45.97% and a net margin of 8.43%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same quarter in the previous year, the firm earned $3.64 EPS. DICK’S Sporting Goods’s revenue was up 7.3% on a year-over-year basis. On average, equities research analysts predict that DICK’S Sporting Goods will post 13.5 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 17th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.16%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $0.49. The ex-dividend date was Thursday, March 16th. DICK’S Sporting Goods’s dividend payout ratio is presently 37.14%.

About DICK’S Sporting Goods

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Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.